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IMF looks towards budget



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The International Monetary Fund (IMF) says the budget to be presented in Parliament later this month will be an important signal of the authorities’ willingness to continue with the fiscal reforms.


IMF External Relations Department Director Caroline Atkinson, responding to reporters in Washington, said that the IMF has a programme with Sri Lanka where there has been a review concluded recently as well as some discussions.


"The budget will be an important signal of the authorities’ willingness to continue with the fiscal reforms," the IMF quoted Caroline Atkinson as saying.


The IMF had noted earlier this year that overall economic conditions in Sri Lanka are improving as expected, and the economy is likely to show strong growth this year. Inflation remains subdued and average inflation for the year as a whole is expected to remain in the single digits.


It also said that external balances are strong, remittance inflows continue at a high rate, tourism prospects continue to improve rapidly, and gross reserves remain at comfortable levels.


(ER)


 
 
 
 
 
 
 
 
 
 
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